Post by
AngelEyes3 on Sep 09, 2020 9:55am
5 for 1 reverse split
You do not do a reverse split unless you plan on issueing more shares down the road. I am not impressed with management at all. They have been nothing but disapointing over the last few years. If they had the goods than the share price would reflect this. But no they need to list on the USA exchange. Who cares about that what I care about is share appriciation which has not happened since I bought this dog in 2017. Still at a major loss here and my only negative position. I kept it because I thought with the current drilling in Germany I might break even. Now I need to determine if sticking around is worth it given how negative a reverse split is welcomed by the market. Well what can I say they do not fail to disappoint. Once again my opinion and frustrated with management not looking for the best interest of their shareholders. But this trend is in the entire market now a days. i hope we hit some great returns on the drilling or I am out fast
Comment by
tootall123 on Sep 09, 2020 12:24pm
This post has been removed in accordance with Community Policy
Comment by
Marine2 on Sep 09, 2020 12:45pm
tootall123 "Waiting to breakeven",, now may be the time to own EXN. Why were you and many others here not buying,, like me @ .50 in May ? I posted I was buying a larger position while the market was in panic mode, I also picked up WRN @.55 during the panic, now it's @$1.65. Now is not the time to sell EXN ! IMHO M2
Comment by
JDFry on Sep 09, 2020 1:01pm
Marine you know better than anyone EXN has been a turd.. even at 50 cents.. who knows what may have happened. I don't think it was a "screaming" buy.. I don't blame people for not doubling down. Management needs address shareholder concerns!
Comment by
Thales42 on Sep 09, 2020 1:31pm
Why were you and many others here not buying,, like me @ .50 in May? Simple, Marine - not everyone is as loyal as you are to Exn. I sold 2/3 of my Exn shares and bought Great Bear and Pure Gold and Skeena and Ascots of the world ... for a change
Comment by
Thales42 on Sep 09, 2020 3:37pm
Marine, if Exn makes you happy, go for it. Will support you and Exn as I still have a good number of remaining shares. In fact, I will also change my negative view of Exn management if they live up to and deliver on their stated objective of doubling production and halving cost in Platosa. How is that for a pledge?